Banco Popular North America Provides SBA Loan to Buy Bounce U Franchise

Need a loan to buy a Bounce U franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Murrieta, California needed money to invest in a Bounce U franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

BOUNCE U
MURRIETA, CA 92563

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

11/27/2007

Loan Approval Gross Amount

$461,400

Loan Approval from the SBA

Of the total $461,400 loan amount, the SBA guaranteed $346,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bounce U franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $461,400 loan. Remember, if it to be, it is up to me!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Bounce U

Borrowing Money from Friends and Family

Small Bank Loans in New York City, New York

SBA Participating Banks in New York